South African hedge funds clocked their fourth consecutive positive month in July, with the HedgeNews Africa South African Single Manager Composite adding 0.93%, to sit 1.53% higher for the first seven months of the year.
This compares with a 2.56% gain from the JSE All Share Index in July (-0.68% lower for the year so far) and a 0.61% return from South Africa’s All Bond Index (+0.95% year to date).
South African fixed income hedge funds were the strongest category for the month, adding a median 1.41% to lead the way with a year-to-date gain of 7.71%.
South African long/short equity funds added a median 1.19% in July, reflecting a year-to-date decline of -2.94%.
Market neutral and quantitative mandates edged a median 0.01% higher, to reflect a year-to-date gain of 5.85%, while multi-strategy funds added a median 1.11% in July, and are now 3.84% lower on the year. Copyright. HedgeNews Africa – July 2020.
|South African Medians||Jul-20||YTD||Jul-20||YTD|
|Market Neutral & Quantitative Strategies||0.01%||5.85%||-0.05.%||4.85%|
|Single Manager Multi-Strategy||1.11%||-3.84%||1.92%||-2.43%|
|Event Driven (credit)||0.58%||4.16%||0.58%||4.16%|
|Pan-Africa / AME||0.55%||-17.77%||0.92%||-13.66%|
|SA Single-Manager Composite||0.93%||1.53%||1.40%||0.92%|
|HedgeNews Africa Single-Manager Composite||0.90%||-2.29%||1.89%||0.09%|